Investors Manual

INVESTORS MANUAL: PROCESS MAPPING FOR THE ESTABLISHMENT OF COMPANIES IN PARÁ

Secretaria de Desenvolvimento Econômico, Mineração e Energia

The State Government of Pará, through its Economic Development Company (CODEC), seeks to stimulate the attraction, consolidation and expansion of productive investments for the sustainable development of the State while at the same time, strives for continuous improvement of the business environment in the State. CODEC is developing priority actions in the program Pará 2030, a strategic economic development plan which aims to create a safe legal environment and to verticalize the production process of 23 economic segments. Under these assumptions, we have developed, in partnership with State and local agencies, this Investor’s Manual that maps the entire installment process of companies in the State with the purpose to simplify the understanding of this process and to expedite the procedures for the constitution of a company in Pará. The mapping of the entire process has been elaborated in collaboration with SEDEME, JUCEPA, SEFA, CBM, SEMAS, SESMA, ADEPARÁ, the CIVIL POLICE and ADMINISTRATIVE POLICE SEFIN/PMB, in which each organ presents the step-by-step/procedures that a company must go through in order to enable its business in the State. Given these prospects, we expect that this Investors Manual “Process Mapping for the Establishment to Companies in Pará” can be an instrument that contributes to the establishment of new companies in the State, and consequently, the increase of employment and income for the population of Pará. 2

Executive Manual of the Investor of the State of Pará

INSTITUICIONAL CREDIT: Economic Development Company of the State of Pará – CODEC Olavo Rogerio Bastos das Neves - President Secretariat of the State for Economic Development, Mining and Energy - SEDEME Adnan Demachki - Secretary Commercial Registry of the State of Pará – JUCEPA Cilene Moreira Sabino de Oliveira - President Pará State Treasury Office– SEFA Nilo Emanoel Rendeiro de Noronha - Secretary

Municipal Health Secretariat – SESMA Sérgio Amorim – Secretary Agricultural and Livestock Defense Agency of the State of Pará – ADEPARÁ Luciano Guedes – Diretor Geral Military Fire Department of the State of Pará - CBM Colonel Qobm Zanelli Antônio Melo Nascimento – General Commander Secretariat of The State for the Environment and Sustainability – SEMAS Luiz Fernandes Rocha - Secretary Administrative Police Division - DPA/PC Rilmar Firmino De Sousa – General Delegate State Finance Secretariat – SEFIN Maria de Nazaré R. da Costa – Secretary

Executive Manual of the Investor of the State of Pará

INTEGRADOR

FLOWCHART FOR THE ESTABLISHMENT OF COMPANIES IN PARร

Step 2: Regulation

Step 1: Investor Gateway for investors in Parรก

SEDEME

CODEC

Step: 2.1

Step: 2.3

FIRE DEPARTAMENT

Step 3: Incentives

JUCEPA

SEFA

SESMA

SEFIN

Step: 2.2 ENVIRONMENTAL LICENSING

CREDIT LINES

Executive Manual of the Investor of the State of Parรก

POLICE DEPARTAMENT

TAX INCENTIVES ESTABUSHED COMPANY

Step: 2.4

1. THE ENTRANCE GATE FOR INVESTORS IN PARÁ – CODEC AND SEDEME

The Economic Development Company of Pará - CODEC and the Secretary of the State for Economic Development, Mining and Energy – SEDEME, act in the promotion of opportunities in Pará and prospect the installment of companies while at the same time, working in the improvement of the State’s business environment in order to support investors and industries that plan to establish or expand their investments in Pará. This is possible through the provision of strategic information, such as the identification of areas; tax incentives and financing; coordination with other organs, entities and relevant partners; all this in addition to its monitoring all steps of the installation process.

SEDEME E-mail : codec@codec.pa.gov.br Site : http://codec.pa.gov.br/ Fone: (91) 3236-2894 Endereço: Tv. Dr. Moraes, 70. Nazaré. CEP:66035-080 - Belém – Pará – Brasil

Executive Manual of the Investor of the State of Pará

ACQUISITION OF AREAS: The CODEC offers special conditions for enterprises in installation by providing 04 (four) industrial districts in the State: Ananindeua, Barcarena, Icoaraci, Marabá and to be soon available in Santarém. The process takes place in 2 (two) steps:

• Validation and acquisition of areas: technical visits of the venue

and assessment for the reservation of the local for the intended industrial establishment. This can be done through the signing of a Protocol of Intentions and the presentation of a Project Sheet, Social Contract and a Sketch of the Project

• Regulation: the investor must submit the standard documenta-

tion required according to the General Norms of CODEC, cited in Chapter III Art. 14, referring to the acquisition of the areas.

CODEC E-mail : codec@codec.pa.gov.br Site : http://codec.pa.gov.br/ Fone: (91) 3236-2894 Endereço: Tv. Dr. Moraes, 70. Nazaré. CEP:66035-080 - Belém – Pará – Brasil

Executive Manual of the Investor of the State of Pará

2. REGULATION PARÁ INTEGRATOR

The System Pará Integrator, is an online platform that centralizes the registration information input in Federal, State and Municipal levels, facilitating all legal procedures of Registration and Legalization of the enterprise. With this system, all registry and licensing bodies receive, from the Commercial Registry, information regarding companies established, altered or extinguished in the State, decreasing the time of formalization or amendment of the business. Pará Integrator is contemplated in the NATIONAL NETWORK FOR THE SIMPLIFICATION OF REGISTRY AND LEGALIZATION OF COMPANIES AND BUSINESSES – REDESIM. The REDESIM proposes actions and standards to simplify and integrate the registration and legalization of companies. It is made up of federal, state and local agencies that are directly or indirectly linked to the process of registration and legalization.

2.1. COMMERCIAL REGISTRY OF THE STATE OF PARÁ (BOARD OF TRADE) – JUCEPA In this system, the investor must follow the following steps: i. Access Pará Integrator: the investor must access the Universal Application in JUCEPA’s website and register. ii. Petition of Viability: The Feasibility Request is the prior consultation of the business. At this stage, the Board of Trade certifies that the business brand is unique and the municipality grants the use of the land, that is to say, it checks if there is any restriction for the activity to be exercised at the company’s address iii. Creation of the Basic Entry Document (DBE) for the National Register of Legal Entities (CNPJ): After the feasibility approval, the user must inform the viability number to the Brazilian Federal Revenue System, generating after filling out the online form, the Basic Entry Document of the CNPJ. 7

Executive Manual of the Investor of the State of Pará

iv. Document Preparation: With the viability number and DBE generated, one must access the Electronic Application (on the JUCEPA’s website). In this environment, the entrepreneur will inform the company data as well as the viability number and DBE that were acquired in previous steps. The JUCEPA system will validate all data and generate all necessary documents for archiving, as well as standardized constitutional, alteration or extinction contracts. v. Company Registration: In possession of the signed documents, the businessman must protocol the process at a JUCEPA unit that will file the process, send a Digital Copy of the filed document and grant the company’s Identification Registration Number (NIRE) and CNPJ. In addition, the Commercial Board will transfer the company’s information to all the competent Licensing Bodies that promote, according to the degree of risk, the simplified licensing of the enterprise. vi. Licensing: After registering the company and obtaining the NIRE and CNPJ, the entrepreneur should seek the licensing bodies (SEMAS, ADEPARÁ, POLICE and FIRE DEPARTMENT) to obtain the operating permit and licenses. The investor can follow this entire process through the Integrator System that concentrates all the licensing agencies in a single monitoring environment.

Executive Manual of the Investor of the State of Pará

2.2 PARÁ STATE TREASURY OFFICE – SEFA: SEFA is responsible for the granting of the Definitive State Registration and it is through this registration that the entry in the ICMS (Tax on Circulation of Goods and Services) is obtained. Taxpayer procedure - filling in of documents, previous research and formalization of the request: Registration data are requested through the PGP (Data Generation Program) of the CNPJ through the Internet at the electronic addresses SEFA or RECEITA FEDERAL. As requests for the acts are made by completing and sending the following documents, use the Web Collection application:

• The documents are: Registration form of the Legal Entity - FCPJ; Mem-

bership and Management Framework - QSA completed with a qualification in the Legal Nature and Qualification Table of Members of the QSA (Annex VI of RFB 1,634 dated May 6, 2016); Specific Form, when an applicant located the federal unit or municipality agreed.

• In the formalization of the request, the application for registration The

health status of the person must be instructed by means of a request - that is effected by referral by mail, by direct delivery or by another means approved by the RFB to the district’s catheterization unit - of the Basic Entry Document - DBE or FCPJ Transmission Protocol and a certified copy for the constituent or alterer of the entity, duly registered with the competent body, observing the table of Documents and Guidelines contained in Annex VIII of IN RFB 1.634 of June 06 May 2016.

Executive Manual of the Investor of the State of Pará

2.3 STATE FINANCE SECRETARIAT SEFIN:

SEFIN’s mission is to collect and manage the revenues of the municipality and to promote the development of public policies for the benefit of the population. SEFIN, aiming at the integration of registration procedures of legal entities within the Municipal Organs, as well as other bodies and entities that are part of the initial licensing process of Legal Entities activities. In this system the investor should follow the following steps: I. The State Finance Secretariat alongside SEURB, SESMA and SEMMA receives the request through the REGIN - Feasibility Request program, sent by the Commercial Board (JUCEPA), to carry out the inspection at the address informed by the taxpayer. II. If the Company does not present any legal impediment, the licensing fees of the Secretariats involved in the Process are sent to the taxpayer through the internet. III. After the payment of the License Fees, the municipal organs release the Request for Feasibility for the Commercial Board to proceed to legalize the request of Company Opening. IV. The Operating Permit will be sent to the taxpayer, via the system, 24 hours after the Company’s legalization by the Commercial Board. V. If there is a problem identified by the secretaries, the taxpayer will be called at the Municipal Licensing Center to solve any divergence.

• Knowing that each municipality has its own FINANCE SECRETA-

RIAT, the investor, after having defined the place of establishment of his company, should contact the respective town hall and solicit the application for the license.

Executive Manual of the Investor of the State of Pará

2.4 MUNICIPAL HEALTH DEPARTMENT – SESMA The Health Surveillance Departments of SESMA are responsible for licensing and monitoring establishments that provide services that are directly and indirectly related to health and/or where occupational, technical and auxiliary professions related to health sciences are performed. Its function is to guarantee sanitary control over public health, since its actions, entirely of preventive nature, cover all practices aimed at the promotion and protection of health.

REQUIREMENTS FOR THE 1st LICENSE - BASIC

• Standardized application form by SESMA; • Proof of the incorporation of the firm (CGC or CNPJ) - certified copy; • Social Contract - certified copy; • CPF and RG of the owner - copy; • TLPL or license permit of the current year - copy; • Present a garbage collection service contract, for companies with a production of more than 200 liters/day of inherent waste;

• Present an accredited company contract for the collection of biological waste;

• Proof of discharge of the last two (2) years of IPTU; • DAM - sanitary surveillance fee (TVS), paid in the bank - copy and original.

• Knowing that each municipality has its own HEALTH DEPARTMENT,

the investor, after having defined the place of establishment of his company, should contact the respective town hall and solicit the application for the license.

Executive Manual of the Investor of the State of Pará

2.5 ENVIONMENTAL LICENSING

The State Secretary for the Environment and Sustainability is responsible for promoting integrated, shared and efficient environmental management that is compatible with sustainable development, ensuring the preservation, conservation of the environment and the betterment of the quality of life in the region. Currently, the State of Pará has appropriate options to carry out environmental regularization: A. ENVIONMENTAL LICENSING WAIVER (DLA) The environmental licensing for low impact activities of micro and small industrial and/or artisan enterprises of fiber processing, grinding, roasting of food products; preparation, processing and industrialization of milk and dairy products; processing of fish, shellfish and others; and the processing of fruits, may request the Environmental Licensing Waiver Declaration (DLA), as determined in annex I and II of the Resolution of COEMA n°. 107/2013. B. SIMPLIFIED ENVIRONMENTAL LICENSING The Simplified Environmental Licensing consists in the granting of a Preliminary License - LP, an Installation License - LI, Operational License - LO and the Rural Activity License - LAR, in a single moment or separately, for undertakings and/or activities of low pollutant potential whereas a preliminary inspection is waived, through compliance with the conditions presented in the Resolution, as well as the acceptance of the Term of Consent and Responsibility. Observe the SINGLE ANNEX of AD REFERENDUM RESOLUTION N° 127, of November 18, 2016 for more information on the matter. I. Application In this modality, the investor will request, by electronic means, the environmental regularization, according to the criteria pre-established by 12

Executive Manual of the Investor of the State of Pará

the environmental licensing body. In this matter, companies that meet the specific requirements listed above will be able to access and make the request through the electronic address of SEMAS and the Pará Integrator C. MUNICIPAL LICENCING Licensing may be carried out in the respective Municipal Secretary for the Environment if the enterprises’ activity is exclusively of local impact, as established in the Resolution of the State Environmental Council COEMA N° 120/2015, in which a list of activities permissible for municipal licensing can be found. Here is the list of the municipalities that are qualified to carry out environmental licensing. D. NON-SIMPLIFIED ENVIRONMENTAL LICENSING If the licensing of the enterprise/activity does not fit the above criteria, then that enterprise/activity will be inserted within the framework of the typologies listed in resolution COEMA 117/2014, which will follow the following steps: I. TERM OF REFERENCE: the investor must submit to SEMAS his/her general contact information; map with the geo-referenced localization of the subject area for environmental study; basic description of the intended activity. With this information, SEMAS will elaborate a specific term of reference for the enterprise; in the case that it is not available on SEMAS’ website, SEMAS will define whether or not to perform an inspection of the area and it will also decide if it will analyze the documentation. Therefore, it can decide as to: a) The need to present a Preliminary Environmental Impact Study and Environmental Impact Report - EPIA / RIMA; Environmental Engineering Project - PEA; Environmental Control Plan - PCA; Recovery Project for Degraded and Altered Areas - PRADA; Riparian Forest Recovery Project - PRMC etc; b) Other requirements, such as presentation of projects, reports and specific reviews. II. REGISTRY: Registration is the record of all the technical information of the enterprise and the nature of its activities with the Environmental Agency of the State, as provided by Law N° 5.887 / 95, in its Article 112

Executive Manual of the Investor of the State of Pará

III. PROTOCOL: The registered enterprise shall file an environmental study and all technical and legal documents foreseen by resolution COEMA N° 03/2006. In addition to paying the administrative fee(s) for the environmental license(s) requested from the State Collection Document - DAE will be established according to the size of the enterprise and the type of license. To issue the State Collection Document (DAE) you should access the website of the Treasury Department SEFA →Most accessed services → DAE → Fees → Science and Technology Secretariat and Environment → check the rate and follow the orientations for payment of the fee. IV. PROJECT ANALYSIS: após a avaliação e aprovação do conteúdo técnico e jurídico, a SE - MAS autoriza a emissão da licença de acordo com a fase em que o empreendimento esteja a) Preliminary License (LP), which authorizes the studies for the implementation of the enterprise; b) Installation License (LI), which authorizes the start of construction or work; c) Operational License (LO), which authorizes the start of operation. The renewal and maintenance of the license must be made within the minimum period of 120 (one hundred and twenty) days, established in art. 9 of State Decree No° 1,120, of 2008, unless contacted priorly by SEMAS. E. OTHER INSTRUMENTS I. Rural Environmental Licensing: No licensing of any nature will be granted for rural property that is not registered in the Rural Environmental Registry - CAR. In the CAR there will be the essential data of the rural property: the Total Area (APRT), the Permanent Preservation Area (APP), the Legal Reserve Area (ARL) proposal, the Area for Alternative Land Use (AUAS), Names and the qualification of the holders of the rural property, the possession or the domain, the geographical coordinates and other data required by the State Environmental Agency. The registration must be made through the SEMAS electronic system on the website of the Rural Environmental Registry.

Executive Manual of the Investor of the State of Pará

II. Authorization for Fauna Inventory: The investor shall request, at the time of the request for a LP, the Authorization for Capture, Collection, Rescue, Transport and Release of Wildlife for the purpose of a Wildlife Inventory. For authorization, it is necessary to present the mandatory administrative documents, as established by SEMA 03/2006 and, in addition to this, the technical documents of the technical team are also required, in accordance with SEMA 52/2010. III. Authorization for Plant Suppression: Environmental licensing approves the design and implementation of the project to be licensed, however, activities, including plant suppression, should be requested separately. IV. Authorization for the Rescue of Fauna: At the moment in which the interested party requests the Authorization for Plant Suppression (ASV), the same person must request the Authorization of Capture, Collection and Transport of Wildlife for the purpose to Rescue the Fauna before the Plant Suppression. To obtain the Authorization to Capture, Collect and Transport Wildlife, it is necessary to submit the mandatory administrative documents, according to Normative Instruction 03/2006 of SEMAS, in addition to the technical documents of the technical team, according to Normative Instruction 52/2010 of SEMAS. V. Concession: The Granting of Water Resources is an instrument by which the Public Authorities authorize the use of water or the accomplishment of hydraulic interferences in the water bodies, necessary for their consumption and their productive activities, with the objective of assuring the quantitative and qualitative control and the exercise of rights of access to water resources. There are three types of Grant: Preventive, Right and Grant Dismissal. These modalities are essential to determine the requirements for the protocol of environmental licensing processes that depend on Granting, as provided in Normative Instruction No. 002 of April 25, 2012. The documents required for requesting Grant are provided in the Normative Instruction of the SEMAS N. 003/2014.

Executive Manual of the Investor of the State of Parรก

2.6 - MILITARY FIRE DEPARTMENT OF PARÁ:

All existing buildings or buildings being built need regularization by the Fire Department, through a technical survey and analysis aiming for fire prevention while obtaining the respective Fire Department Inspection Certificate (AVCB). In order to settle permanently in the State, the investor must contact the Pará State Fire Department to inform the footage of the area of the industry that will be built. In general, the process for the opening of enterprises with the Pará State Fire Department consists of:

I. Document entry; II. If necessary, project analysis; III. Technical Inspection; IV. Release of document (Fire Department Inspection Certificate or Interdiction); V. Process filing to wait for cycle closure or reopening for audit; The AVCB (Fire Department Inspection Certificate or Interdiction) request may vary according to the type and size of enterprise, being: I. Habite-se: for edifications or risk area with constructed area up to 300 m²; II. Low Risk: for edifications or risk area with constructed area of 300 to 750 m²; III. Medium and High Risks: edifications or risk area with constructed area of 300 to 750 m²; IV. Low, Medium and High Risks: edifications or risk area with constructed area greater than 750 m² and/or height greater than 12 floors. The processes can be followed on the Fire Departments’ Site in the Client Area through the System of Technical Activities Management. The process may be reviewed at the request of the taxpayer regarding renewal of the license or audit.

Executive Manual of the Investor of the State of Pará

2.7 ADMINISTRATIVE POLICE DIVISION DPA/PC

The Administrative Police Division has as its competence to receive and analyze registration and licensing applications, accredit and control activities that, by their nature, are subject to the control of the power of the police provided in the States’ legislation. To do this, companies which work with aggressive or corrosive chemicals, flammable substances and raw materials (manufacturing, use, trade and transportation) should register at the DPA/PC. In this system, the investor must follow the following steps: REGISTRATION:

• DPA application (two-way) • Copies of: •CNPJ •Certificate of Army Registration and/or Federal Police License •Habite-se •Environmental License - SEMAS •Expert Report issued by CPC “RENATO CHAVES”. •Social Contract and amendments (if any) •City hall’s permit (location) •Non-Stock Statement / Disclaimer •Criminal Background of the Legal Representative

Executive Manual of the Investor of the State of Pará

•Power of Attorney with specific powers and with notarized signature in the case of Attorney General

• Attorney General’s RG III. Fees:

• Registration (undefined,) • Permit (annual) • RENEWAL: • Certificate of Army Registration and / or Federal Police License • Habite-se • Environmental License - SEMAS • Social Contract and amendments (if any) • City hall’s permit (location) I. Fees:

• Yearly permit

Executive Manual of the Investor of the State of Pará

3. INCENTIVES:

3.1. TAX INCENTIVES: The Policy for Tax Incentives in the State of Pará consists in the enforcement of a specific tax treatment for industries in General: Fish, Livestock and Agro-industries. The SEDEME, through its Operating Secretariat for Incentive Policies - SECOP, guides and examines the projects presented by interested companies which request state incentives in the following cases: installation of new industries, modernization, expansion and diversification of existing enterprises and acquisition of machinery and equipment for the production process, with a maturity of up to 15 years of fruition, extendable for another 15 years. The project can be presented to the SECOP during the implementation phase after having obtained the basic documents for the establishment of the enterprise in the State of Pará

• State Incentives: the investor must present the project requesting tax

incentives to SECOP so that it can accommodate it according to its stipulated criteria for analysis. The following tax credit treatments may be granted: Tax Credit of up to 95% of the ICMS (Tax over Merchandise and Services Circulation), in operations of Interstate outflow of products manufactured in the State of Pará; Reduction of the Basis of Calculation of up to 95% of the ICMS internal outputs operations products manufactured in the State of Pará; Exemption or Deferment of Payment of the ICMS in the operations of purchase of industrial raw materials, imported machinery and equipment, without similar national, and acquisition of machinery and equipment in interstate operations.

• Federal Incentives: through the Superintendence of the Amazonian

Development – SUDAM, the investor can obtain a fixed Reduction of 75% on Corporate Income Tax (IRPJ); on Reinvestment by 30% of the IRPJ; an additional Exemption of tax on freight renewal with the

Executive Manual of the Investor of the State of Pará

merchant navy; and the accelerated Depreciation for the purpose of calculation of the IRPJ. 3.2. CREDIT LINES/BANK FINANCING: The various actions of the federal and state governments provide several opportunities for investment in the region. The main lines of financing can be obtained with:

• BANK OF THE STATE OF PARÁ – Producers’ Credit

Website: http://www.banpara.b.br/menu/produtos/empresa/banco-do-produtor/ E-mail: creditofomento@banparanet.com.br Telephone: (91) 3004-4444

• BANK OF THE AMAZON (BASA) - ConstitutionalFundoftheNorth-FNO

Website: http://www.bancoamazonia.com.br/index.php/financiamentos/empresarial-fno/empresarial-fno-amazonia-sustentavel E-mail: manoel.pereira@bancoamazonia.com.br Telephone: (91) 4008-2440

• CAIXA ECONOMICA FEDERAL – Rural Credit

Site : http://www.caixa.gov.br/empresa/credito-financiamento/credito-rural/Paginas/default.aspx E-mail : Fone :

• NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT BANK – BNDES Website: http://www.bndes.gov.br/ E-mail: fabio@fiepa.org.br Telephone: (91) 4009-4997

Executive Manual of the Investor of the State of Pará

ANNEXES: The steps listed below are specific to some companies and investors and do not make up the uniform business start-up process defined in the steps outlined above. They are complementary steps and should only be followed if it is naturally necessary for the company and the investor in question. Otherwise, they should be disregarded. I. AGRICULTURAL AND LIVESTOCK DEFENSE AGENCY OF THE STATE OF PARÁ – ADEPARÁ

• STATE INSPECTION SERVICE (SIE)

The State Inspection Service is responsible for complying with State and Federal legislation and guaranteeing consumer products of animal and vegetal origin (meat products; milk and dairy products, fish, eggs and derivatives, honey and bee products) with hygienic-sanitary quality. The SIE has elaborated norms for approval of operation and registration of establishments of products of animal and vegetal origin through industrial and sanitary inspection of products of origin in the State of Pará, in the establishments that make inter-municipal commerce. If the trade is in interstate or only in the territory of the municipality itself, it should be addressed to the Federal Inspection Service (SIF) or Municipal Inspection Service (SIM) respectively. After the establishment of the industrial establishment, the following steps, defined in the Manual of Procedural Guidance, must be followed by the entrepreneur and his enterprise should be fit into one of the following categories:

Executive Manual of the Investor of the State of Pará

AREA OF FISH AND DERIVATIVES:

• Fish stores/warehouses;

Canned fish factory/warehouse.

AREA OF EGGS AND DERIVATIVES:

• Egg storage facilities;

Factory of egg conservation.

AREA OF HONEY AND WAX OF BEES AND THEIR DERIVATIVES:

• Apiary;

Enterprises of bee honey and wax

AREA OF MEAT AND DERIVATIVES:

• Slaughterhouse; • Slaughterhouse of small and medium animals; • Slaughterhouse of birds and rabbits; • Charqueada; • Canneries; • Swine products factory; • Fat products factory; • Meat and dairy warehouses; • Non-edible products factories; • Warehouse-fridge.

AREA OF MILK AND MILK PRODUCTS:

• Dairy farm; • Dairy stable; • Poultry farm; • Receiving station; • Cooling station; • Coagulation station; • Benefit plant; • Dairy factory; • Warehouse-plant;

ADEPARÁ E-mail : diretorgeral@adepara.pa.gov.br / Site: http://www.adepara.pa.gov.br/ Fone: (91) 3210-1100 Endereço: Av. Pedro Miranda com Tv. Angustura Nº 1666, B - Altos. Belém – Pará – Brasil

Executive Manual of the Investor of the State of Pará

II. WORKING IN BRAZIL AND OBTAINING VISAS

MINISTRY OF LABOR AND EMPLOYMENT - MTE: A) To establish residence in Brazil via an investor’s visa (“permanent visa” modality, obtaining the “Permanent RNE”): The foreign investor may apply for an investor visa if he wishes to establish residence in Brazil. The visa category is permanent. Therefore, the authorization to grant a permanent visa to foreigners who intend to settle in Brazil for the purpose of investing their own resources of external origin in productive activities, will be conditioned to the proof of investment in a newly created or existing company, in an amount equal or more than R$ 500,000.00 (five hundred thousand reais), upon presentation of an investment plan that proves the social interest of the investment. The general rules for this type of visa can be found in Normative Resolution No. 118/15 of the National Immigration Council (CNIG). There may be a permanent visa authorization when the value of the investment is below R $ 500,000.00, and if it is not less than R $ 150,000.00, for the entrepreneur who intends to settle in Brazil for the purpose of investing In activity of innovation, of basic or applied research, of scientific or technological character. In the analysis of the application for authorization, the enterprise receiving the investment must demonstrate compliance with at

Executive Manual of the Investor of the State of Pará

least one of the following conditions: I - Have received investment, financing or resources directed to the support of government institution innovation; II To be located in technological park; III - Being incubated or being a graduate enterprise; IV - To have been a finalist in a government program in support of startups; or V - Have been benefited by a startup accelerator in Brazil. B) Residence in another country: A foreigner may be a shareholder of Brazilian companies without having a residence in the country. To do so, he will need to register with the Federal Revenue Service (for obtaining CPF) and with the Central Bank of Brazil (Bacen), through the Electronic Declaratory Register (RDE), and must also have a resident attorney in the country with the power to receive a quotation . From then on the foreigner will be able to invest in Brazilian companies (new or existing). To know more, access the link: http://trabalho.gov.br/trabalho-estrangeiro

CREATED AND EDITED BY THE DIRECTORATE OF NEW BUSINESSES IN PARÁ – DINN ECONOMIC DEVELOPMENT COMPANY OF THE STATE OF PARÁ – CODEC

Executive Manual of the Investor of the State of Pará

Secretaria de Desenvolvimento Econômico, Mineração e Energia